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Material requirements planning (MRP I) and manufacturing resource planning (MRP II) are computerised systems used for planning the requirements for raw materials, work-in-progress and finished items and integrating with other production processes. These systems enable strong relationships to be forged with suppliers as orders can be placed with suppliers in good time to fulfill customer requirements and expectations, as well as other processes related to materials planning. Which of the following specifically can MRP I and MRP II NOT assist with?

Options:

Financial requirements planning

Equipment utilisation planning

Decision support planning

Labour schedule planning

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Question 2

The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?

Options:

Costs of maintaining and reconciling ledgers can be reduced

Transactions are recorded by a sole participant

It will be easy to understand and work with.

Records can be easily changed and amended

Question 3

Which of the following are advantages of a virtual team?

Select ALL that apply.

Options:

The costs of a central office are not needed.

New members can be brought in and out of the team easily.

Members do not feel isolated.

It is easier to establish decision making processes.

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Managing Finance in a Digital World Questions and Answers

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